It seems like the country's biggest business lobby group, Federation of Korean Industries (FKI), is bound to fall apart as bank members, along with conglomerate members, are taking their exit one by one.

Audi Volkswagen Korea faces 37.3 billion won ($31 million) fines for doing false advertisements. The company was recently under fire for fabricating the emission results of their cars to pass local standards.

The nation's second-largest electronics maker, LG Electronics, recently changed its corporate management system. The company, which was previously headed by 3 co-CEOs is now led by Cho Sung-jin as a sole CEO. Cho Sung-jin, a former Home Appliance and Air Systems (H&A) business head is now being promoted to vice chairman and was even name as the company's new sole CEO.

LG recently unveiled its solution to growing concerns about indoor pollution. LG's new air purifier and conditioner were unveiled to the public on Thursday, November 17. According to the company, their latest premium their answer to the rising demand for air solutions products.